This insurance covers domestic transportation of own or foreign items (e.g. with the intention to repair, modify or sell these).
Insurance Cover and Transportation Terms and Conditions
Loss or damage of items transported which could be caused by natural perils or traffic accident.
This insurance also covers theft of an item during the transportation.
Transportation shall be executed by a motor or towed vehicle specified in the policy. A condition shall be met that the vehicle is driven by an insured person; however, this person does not have to be the owner of this vehicle.
A vehicle can be:
- Rented (including economic rent)
- Operated on the basis of a leasing Arrangement
Period of Cover
The cover shall commence at the moment a motor or towed vehicle starts moving with cargo loaded onto it. The cover shall cease at the moment the vehicle stops at the final place of destination.
The cover shall also include inevitable stops for:
- Personal hygiene
- Refreshment and meals
This insurance covers international transportation of shipments transported to/from, a foreign country, or abroad.
Means of conveyance:
- Inland waterways
- Ship or aircraft
Subject Matter of Insurance
Shipment, as well as:
- General average contribution costs
- Salvage costs
- Loss investigation expenses
Loss or damage, theft or loss of a shipment insured. Subject to agreement, anticipated profit up to the maximum amount equalling 10% of the shipment value can be additionally covered.